Question
Explain Economic factors responsible for poverty in India.

Answer

1. Low Agricultural Productivity: Lack of technology and small landholdings keep farmers poor.
2. Unequal Distribution of Land and Property: Most land is concentrated with a few, leaving many landless.
3. Minimal Development of Small and Cottage Industries: Slow growth in this sector limits job opportunities.
4. Rapid Increase in Prices: Inflation reduces the purchasing power of the poor.
5. High Rate of Unemployment: Lack of steady income is a primary cause of poverty.

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